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This is Supreme Court (potentially since it's not a final order) overturning Humphrey's Executor precedent (https://en.wikipedia.org/wiki/Humphrey%27s_Executor_
by boroboro4 1y ago
This is Supreme Court (potentially since it's not a final order) overturning Humphrey's Executor precedent (https://en.wikipedia.org/wiki/Humphrey%27s_Executor_v._United_States https://en.wikipedia.org/wiki/Humphrey%27s_Executor_v._Unite...), potentially leading to letting the president to fire FED members.
- boroboro4 1y agoThis being said the opinion explicitly shield FED: > respondents ... necessarily implicate ... removal protections for members of the Federal Reserve’s Board of Governors or other members of the Federal Open Market Committee. ... We disagree. The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States.
- cosmicgadget 1y agoTells you how contrived their decision is that they address FOMC dismissals that are not in front of them.